Concentric Capital Strategies LP Purchases Shares of 103,456 Bloom Energy Corporation $BE

Concentric Capital Strategies LP bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 4th quarter, Holdings Channel.com reports. The firm bought 103,456 shares of the company’s stock, valued at approximately $8,989,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Bloom Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after purchasing an additional 1,240,819 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares in the last quarter. Graticule Asia Macro Advisors LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at about $402,494,000. Brooklands Fund Management Ltd acquired a new position in Bloom Energy during the 4th quarter worth approximately $347,560,000. Finally, Trivest Advisors Ltd boosted its holdings in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after acquiring an additional 3,201,000 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Price Performance

BE opened at $285.09 on Thursday. The company has a market capitalization of $81.09 billion, a P/E ratio of -5,700.68 and a beta of 3.73. The company has a 50-day moving average of $254.92 and a 200-day moving average of $175.55. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy Corporation has a 1-year low of $20.93 and a 1-year high of $322.83.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Zacks called Bloom Energy a “Bull of the Day,” citing strong demand for its solid oxide fuel cells as a fast-deployable power solution for AI datacenter buildout. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Bernstein initiated coverage with a “Market Perform” rating and a $276 target, suggesting the stock may be fairly valued after its recent run-up. Has BE Stock Peaked Yet? Here’s What Wall Street And Retail Think
• Negative Sentiment: Four Bloom Energy insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski and Aman Joshi, sold shares near $289, which can create short-term pressure despite the sales being tied to tax withholding. SEC filing for Shawn Marie Soderberg sale

Insider Buying and Selling

In other news, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the sale, the insider directly owned 212,365 shares in the company, valued at approximately $43,371,303.95. The trade was a 8.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the transaction, the insider owned 180,521 shares in the company, valued at $24,529,193.48. This trade represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 230,274 shares of company stock worth $58,696,472. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on BE shares. Morgan Stanley reissued an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. Sanford C. Bernstein began coverage on shares of Bloom Energy in a research note on Tuesday. They set a “market perform” rating and a $276.00 price target on the stock. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective on the stock in a report on Tuesday, April 14th. Robert W. Baird raised their target price on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays lifted their target price on Bloom Energy to $254.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and an average price target of $220.14.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.